New and emerging legislation of cyber-related disclosures and governance standards could improve cyber resilience, but at the same time will weigh on issuers' financial risk profiles by increasing the likelihood of penalties and necessitating investment to meet minimum standards.
This is amongst the conclusions drawn by S&P Global Ratings in its report, Cyber Risk Insights: New Regulations will Increase Resilience, at a Cost.
It sets out how stricter disclosure requirements are likely to reveal differences in cyber preparedness and could be a differentiating factor in risk and governance assessments, which contribute to its view on issuer credit worthiness.
See the next issue of CIR Magazine for more on this report.
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